TWL – Capital Change Notice

Capital Change Notice

Updated as at 17 October 2019



This notice is given under NZX Listing Rule 3.13.1 and relates to the exercise of vested options
pursuant to an employee share option plan under which fully paid ordinary shares in Trade
Window Holdings Limited are issued on exercise of those vested options

Section 1: Issuer information
Name of issuer Trade Window Holdings
Limited
NZX ticker code TWL
Class of financial product Ordinary Shares in Trade
Window Holdings Limited
ISIN (If unknown, check on NZX website) NZTWLE0004S0
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
81,510 Ordinary Shares
Nominal value (if any) Nil
Issue/acquisition/redemption price per security NZ$0.92 per share
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

0.072168 % of the ordinary
shares in TWL.
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Options vest on the 12-month
anniversary of the Issue Date.
The Options vest as presented
on the Option Certificate, upon
which date the employees can
exercise the Options at the
Exercise Price set out above.

Exercise Date: 13 March 2023
Exercise Price: $0.000920 per
share
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Allotment of 81,510 ordinary
shares as exercised under the
Employee Share Option Plan
(ESOP) by Trade Window
Holdings Limited
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
113,026,233 ordinary shares
on issue

In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Directors' resolutions dated 19
November 2021 in relation to
the issue of the options and
NZX Listing Rule 4.6.1.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
The new shares will rank
equally with all other fully paid
ordinary shares on issue in
TWL.
Date of issue/acquisition/redemption
2
13 March 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Dewald Janse van Rensburg,
Chief Legal Officer
Contact person for this announcement Dewald Janse van Rensburg
Contact phone number +64 21 025 01490
Contact email address dewald@tradewindow.io
Date of release through MAP

13 March 2023